Niu Gensheng fade day to day management of Mengniu Dairy, successor not announced - Niu Gensheng Men

Read More About Business Ideas & Tips

Mengniu turn around 2009, the realization of "three in a row"
Mengniu Dairy (02319.HK) yesterday to hand over COFCO White after the first annual report, to achieve the industry, "three in a row": 2009, Mengniu Dairy profitability, profit 1.116 billion yuan. Annual Report released at the same time, Mengniu Dairy announced that its Chairman of the Board Niu Gensheng Executive director will be transferred to non-executive directors, this decision since the June 9 date of the Annual General Meeting, but Niu Gensheng will remain Chairman of the Board.

Mengniu shares fell 7% yesterday, closing at 24.250 Hong Kong dollar. In 2008, as Melamine Events, Mengniu loss of 949 million yuan.

"Focus on strategic management and planning"
Notice under Mengniu, Niu Gensheng want to focus on the future of strategic management and planning, he will spend less time on routine management.

It is noteworthy that this is the second step Niu Gensheng faded. Back in August 2009, Niu Gensheng been the Chief Executive Officer from the Mengniu Dairy and redesignated as Chairman of the Board.

Although this adjustment "background" is a food group in mid-2009, 7, Mengniu shares, but COFCO an internal person to the Morning Post said before, Niu Gensheng too long fade out the specific management ideas.

Course, "the food version of" Mengniu's board seat adjustment situation as inevitable. July 2009, COFCO jointly Magnolia officinalis Fund of 61 billion acquisition of 20% stake in Mengniu Dairy, Mengniu Dairy became the largest shareholder. Can check the information, and since then, in the presence of food at least has a 4 Mengniu non-executive directors.

Adjusted from August 2009 to declare the beginning. Month, one of the founders of Sun Yubin Mengniu ten listed companies Mengniu Dairy resigned the post of Executive Director. Meanwhile, Mengniu announced the decision to transfer a number of directors. Outside the most cited concern is Niu Gensheng resigned Mengniu principal operating subsidiary, Inner Mongolia Meng Niu Dairy (Group) Co., Ltd. (the "Neimeng Meng Niu"), chairman of the board, but he still served as a director Neimeng Meng Niu level. At the same time, COFCO president Patrick Yu was appointed as chairman of Neimeng Meng Niu. Mengniu Dairy was announced also announced that COFCO chairman Ning, president of Patrick Yu, director of strategy and COFCO Saving the other three in the food system level access Mengniu Dairy Board as a non-executive directors.

Later in March 2010 as chief financial officer of Mengniu 9-year-old Yao left with mountains, Chief Financial Officer Ma Wangjun year COFCO entered Mengniu Dairy, Non-executive directors.

Unknown who took over as executive director
Date, Mengniu Dairy Board a total of five Executive Directors, namely, Niu Gensheng, Mengniu Group President Yang Wenjun, Mengniu Chief Financial Officer Cystic water, Mengniu Group, vice president and general manager of small low-temperature Division St., and Mengniu Group Vice President and room temperature liquid milk business, general manager of the White Ying. Non-executive directors in addition to the food department of four Directors, including CDH Investment House CEO coke tree (also known as coke shock), Magnolia Fund chairman Fang, as well as by the private equity fund KKR presence JulianJuulWolhardt.

For a series of adjustments, Mengniu side said yesterday that, Niu Gensheng is the chairman of Mengniu Dairy, Neimeng Meng Niu's director, responsible for the strategic level of development; Yao with the mountains still remain with the company, as a consultant role , providing companies with strategic advice. However, the lack of Mengniu note Niu Gensheng no longer serve as executive director, will be who will replace him, or is no longer new.

So far, the director of food by the presence of both non-executive directors.

Article Source: http://depositarticles.com/

I am a professional editor from China Product, and my work is to promote a free online trade platform. www.himfr.com/ contain a great deal of information about dvd multisystem , coby portable dvd player welcome to visit!

Please Rate this Article

Not yet Rated

Click the XML Icon Above to Receive Business Ideas & Tips Articles Via RSS!

Additional Articles From - Home | Business | Business Ideas & Tips

Our other websites
All about SEO
Beauty Tips Forum

	Print This Article
	Post Comment
	Add To Favorites
	Email to Friends
	Ezine Ready

Submit Articles
Member Login
Link Us
Submission Guidelines
Ezine Notifications
Article RSS Feeds
Sitemap

New Stuff
About Us
Developer
Good shopping portal
Link to Us
Contact Us
Privacy Policy
Terms of Service